1 of 3

2 of 3

3 of 3

•  Media
• Map
• Street View

33-11 Broadway
Fair Lawn, NJ 07410

$1,978,296 USD

Bank For Sale  •  11,782 SF

Property Details

• Property Type Bank
• Total Building Size 6,301 SF
• Lot Size 0.64 AC
• Building Class C
• Year Built 2003
• Cap Rate 6.75 %
• Tenancy Single
• Zoning N/Av

50 Transit Score

60 Walk Score

Highlights

$2,050,000 list price yielding an attractive 6.50% cap rate with $133,535 NOI.

±6.00 years remain on the lease with 2.5% annual rental increases through 6/30/2032.

Structured as an absolute NNN condo lease for a passive stream of income.

Corporate guarantee from Kearny Bank (NASDAQ: KRNY), founded in 1884.

Additional $3,545 management fee paid to landlord increasing investor yield ~20 bps.

±0.64 acre site with 22 parking spaces and a double covered drive through.

Cap Rate:

6.75 %

Major Tenants

Tenant	SF Occupied	Lease End Date
AA Alternative Counseling
Darcangelo, Michael F Msw Lsw Cadc
Doreen Greco Lcsw
Kearny Bank		6/30/2027
Rotary Club Of Secaucus Foundation

Public Transportation

Commuter Rail	Drive	Walk	Distance
Broadway (Bergen County/Port Jervis Line - NJ Transit Commuter Rail (NJ Transit))	2 min	15 min	0.7 mi
Radburn (Bergen County/Port Jervis Line - NJ Transit Commuter Rail (NJ Transit))	5 min	-	1.8 mi
Transit/Subway	Drive	Walk	Distance
Broadway (Bergen County/Port Jervis Line - NJ Transit Commuter Rail (NJ Transit))	2 min	15 min	0.7 mi
Airport	Drive	Walk	Distance
Newark Liberty International	29 min	-	20.5 mi
LaGuardia	36 min	-	21.0 mi
Westchester County	55 min	-	39.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	22
Type:	Surface
Included in Rent:	Yes